KUALA LUMPUR, July 21 (Bernama) -- Riskified Ltd (Riskified), a fraud management platform enabling frictionless eCommerce, has announced the launch of its initial public offering of 17,500,000 Class A ordinary shares.
The offering consists of 17,300,000 Class A ordinary shares offered by Riskified and 200,000 Class A ordinary shares to be sold by one of Riskified’s existing shareholders.
According to a statement, Riskified will not receive any proceeds from the sale of the shares by the selling shareholder.
The underwriters will have a 30-day option to buy an additional 2,625,000 Class A ordinary shares from Riskified at the initial public offering price, less underwriting discounts and commissions.
The initial public offering price is currently expected to be between US$18.00 and US$20.00 per share. Riskified intends to list its Class A ordinary shares on the New York Stock Exchange under the ticker symbol ‘RSKD’. (US$1 = RM4.232)
Goldman Sachs & Co LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the proposed offering.
Meanwhile, Barclays Capital Inc, KeyBanc Capital Markets Inc, Piper Sandler & Co, Truist Securities Inc and William Blair & Company, L.L.C. are joint book-running managers for the proposed offering.
A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective.
-- BERNAMA
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